Fed Raises Rates The Federal Reserve(Fed) recently agreed to raise their benchmark lending rate for the third time in six months. Moreover, they maintained their outlook for one more hike in 2017 and set out some details for how they intend to shrink their $4.5 trillion balance sheet […]
Economist
Fed Rate Hike : What does this mean for me?
Fed Rate Hike : What does this mean for me? The Federal Reserve (The Fed) has raised interest rates after much talk of doing so this year. This hike comes just in time for the new year and a new administration coming into office. How will this rate hike affect you and what exactly does […]
Election Aftermath and Cabinet Posts
Listen in as Doug and Tammie talk about what happened in the economy after the election on November 8th. They also talk about the Presidential Cabinet pics that affect housing: Secretary of Housing and Urban Development (HUD) – Dr. Ben Carson Secretary of Treasury – Steven Mnuchin
How Will Trump Affect The US
There are a lot of issues that Mr. Trump will need to address during his presidency. The key is to understand how will Trump effect the US. How will Trump and Congress get along? Republicans have control of the White House, the Senate and the House, but that doesn’t mean he will have an easy time […]
Promises and Price Tags
“Promises and Price Tags” is a comprehensive fiscal analysis of the policies put forward by presidential candidates Donald Trump and Hillary Clinton. The full report is available as a printer-friendly PDF (57 pp.), and the Chartbook can be viewed here. Executive Summary The next president will enter office with the national debt at post-World War II record […]
Bailout Scorecard Update
The Bailout Scorecard Last update: Mar. 31, 2016 Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $619B has gone out the door—invested, loaned, or paid out—while $390B has been returned. The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $298B. […]
Social Security Status And Possible Fixes
SOCIAL SECURITY STATUS Not much has changed in the financial status of the Social Security Trust Funds since last year, according to today’s release of the annual report on the status of the funds by the Social Security Board of Trustees. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) […]
Peaking Into the Wallet Of Some Countries Spending Habits
Doug and Tammie discuss how some countries are spending their money and where the US compares as a whole. Though the chart, created by the Data Team with The Economist, may be lacking in how countries are taxed or not taxed it is an interesting glimpse into the wallet of a few of the countries […]
Greek Debt Crisis: Greek MPs to Debate Controversial Reforms Plan
Greek MPs are to debate new proposals sent to the country’s creditors with the aim of getting a third bailout and averting a possible exit from the euro. The plans contain controversial elements, including pension reforms and tax rises, that were rejected at a referendum called by PM Alexis Tsipras. The EU and other creditors are studying […]
Market Update/Fair Housing Lawsuits/Obama Diversifying Neighborhoods
Market Update This has been a very volatile week in the market. Here are the major headlines: The International markets have been riding the rollercoaster in Greece as they vote on a referendum that affects the stability of the Eurozone. Jobs Report (Non-Farms Payroll) was weaker than expected. There were 223,000 Jobs created in June, […]
